Current Affairs Quiz-September, 2020

Notes:
The National Science & Technology Entrepreneurship Development Board (NSTEDB) works under the aegis of Department of Science and Technology (DST), Ministry of Science and Technology.
DST has recently launched a report on the journey of the National Science and Technology Entrepreneurship Development Board (NSTEDB) in catalysing innovation, entrepreneurship, and incubation.

Notes:
Minister of State for Shipping Mansukh Mandaviya has recently launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports).
SAROD-Ports is established under Societies Registration Act and aims to resolve the disputes with the panel of technical experts as arbitrators. It is expected to save legal expenditure and time. This works similar to the SAROD-Roads constituted by NHAI.

Notes:
Briton Jane Fraser has been named the new chairperson of the American multinational investment bank Citigroup.
Jane Fraser is set to become the first woman head of the Group. She is currently the President and head of global consumer division of the group. The present head of the group Michael Corbat would retire in February 2021 after 37 long years of service in the group.

Notes:
Union External Affairs Minister S Jaishankar virtually addressed the inaugural session of the intra-Afghan talks, being held in Doha.
Earlier this week, the Minister had visited Iran and discussed the Chabahar port project and the situation in Afghanistan. The Defence Minister also met his counterpart in Iran. India had earlier attended the signing of the US-Taliban pact on February 29.

Notes:
The Asian Development Bank (ADB) and France’s ENGIE group have signed a long-term loan of up to Rs 466 crore to set up a 200-MW solar power project in Gujarat.
The project that is to be developed in the Raghanesda Solar Park, is expected to be commissioned in the first half of 2021. Electro Solaire Private Limited (ESPL), a special purpose vehicle owned by the ENGIE group, will implement the project.

Notes:
The Reserve Bank of India (RBI) has issued guidelines regarding Compliance Functions in Banks and Role of Chief Compliance Officer (CCO).
The guidelines direct that all banks should have a board approved Compliance Policy and Appointment of CCO. The CCO shall be a senior executive of the bank, preferably in the rank of a General Manager.

Notes:
Indian technology major Infosys has announced to acquire the European firm GuideVision.
Guidevision is one of the largest service sector enterprises in Europe, which is into service management consultancy specialised in offering strategic advisory. The acquisition agreement would cost Infosys up to 30 million Euro, which includes earn outs and bonuses.

Notes:
YouTube has recently launched its short video platform called YouTube Shorts in India. This is expected to fill the gap created due to the ban on TikTok in India.
This video creation tool would be first available for Indian users. Using this tool, the users can create a 15-second or less short video and upload it on the platform. Users can also add music to their videos using YouTube’s song library.

Notes:
Union Education Minister Ramesh Pokhriyal Nishank presented the first ever AICTE-Visvesvaraya Best Teacher Awards 2020.
The award has been conferred to 12 faculty members of AICTE approved institutes on the occasion of Engineers Day. The award has been introduced to identify extraordinary teachers and recognize their best practice in the field of higher technical education.

Notes:
As per an official Government data, more than 1600 Indian companies have received Foreign direct investments (FDI) worth USD 1 billion from China from April 2016 to March 2020.
The investments were received by companies in 46 sectors. Among them, automobile industry, printing of books, electronics, services and electrical equipment received the highest FDI.